Why Do Some Analysts (Especially Those Guided by the Structural-Functional

question 162

Essay

Why do some analysts (especially those guided by the structural-functional approach) describe the family as "the backbone of society"? That is, what important things do families do for society? To what degree could other social institutions (including government) perform these tasks in place of the family?

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Definitions:

Cost-Volume-Profit Analysis

An accounting technique used to determine how changes in costs and volume affect a company's operating income and net income.

Absorption Costing

A method of accounting that incorporates all costs associated with manufacturing, such as direct materials, direct labor, and both variable and fixed overhead, into a product's price.

Internal Management

The process and practice of effectively running an organisation by its own executives and staff, focusing on policies, strategies, and resource allocation.

External Reporting

The process of preparing and disclosing financial statements and other reports to stakeholders outside the organization.